- EUR/GBP corrects significantly to near 0.8630 ahead of the German HICP data for September.
- Germany’s annual HICP inflation is seen softening despite rising energy prices.
- The UK economy is facing the headwinds of a stubborn inflation outlook and economic woes.
The EUR/GBP pair drops vertically to near 0.8630 in the European session. The asset faces selling pressure ahead of Germany’s preliminary Harmonized Index of Consumer Prices (HICP) data for September, which will be published at 12:00 GMT.
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